ESZ10 – E-Mini S&P (Last:1160.50)

E-mini S&P (ESZ10) price chart with targetsFriday’s brazen, single-bar swoon down to 1145.50 turned the intraday charts into ca-ca, and I almost want to discard the offending bar, calculating the bullish patterns that remain without it. Instead, we ‘ll simply start with another, promising low that followed it by two hours and which is part of a bullish pattern that in the final hour telegraphed yet more grief for bears when the new week begins. Notice how the intraday high at 1164.00 peek-a-booed above the previous day’s top. The ostensible conquest was only by a single tick, but as you know, that is sufficient to create an impulse leg that has in fact made any pullback to 1157.50 or higher a consolidation.  Pivoteers should look at entry opportunities thereof, since the impulse leg is just squishy enough that it may not require a camouflage entry — only one at the conventional point ‘X’.